Our clients had purchased the security 6mths prior for £195,000 and had spent £114,151 on refurbishing the property to a 6 bed licenced HMO with an end value of £410,000 (investment value) A private investor had a first charge over the security which the clients were looking to repay and capital raise for further property investment.
Security; 6 bed licenced HMO
Value; £410,000 (investment value)
Loan; £307,500 (75% LTV)
Term; 10yrs
Repayment; Interest only with 15% capital repayment
Please feel free to complete our form and one of our friendly team will happily contact you.
VIBE are UK mortgage specialists in property-based finance for all types of commercial and residential property mortgages including protection.
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.
VIBE may receive commission from the lender for the arrangement of your mortgage, this amount will be disclosed on receipt of the lenders offer.
VIBE Specialist Finance
H4 Daedalus Park
Daedalus Drive
Lee on the Solent
PO13 9FX
Phone: 01329 277 599
Email: [email protected]
VIBE Financial Services Limited (Company registration number: 10979822) is authorised and regulated by the Finance Conduct Authority (No.798033) VIBE Specialist Finance is a Trading Style of VIBE Financial Services Limited.
VIBE Mortgages Ltd trading as VIBE Mortgages & Protection (Financial Conduct Authority number 966737) is an Appointed Representative of Complete FS Limited which is Authorised and Regulated by the Financial Conduct Authority number 738129